💸 Spend It Wisely
🏦 Banking & Building Wealth
💼 Earning & Growing Money
🎯 S.M.A.R.T. Money Goals
⭐ Mr. Birden's Bonuses
100
Before spending money on entertainment, a financially responsible person usually pays for these first.


NEEDS

100

This account is designed for money you plan to keep instead of spend right away.


Savings Account

100
Jordan spends Saturday moving materials for his uncle's construction company and earns $150. This is an example of what type of income?



Active Income 

100

"I will save $25 every week."

This statement demonstrates which part of SMART?


Measurable 

100

A student owns an $800 laptop, has $400 in savings and is in debt $200. What is the student's Net Worth?

$1,000

200

This often causes people to spend money emotionally without planning or thinking about future consequences.

Impulse Purchase

200

Financially fit people keep money set aside for something they cannot predict. This is called an...


Emergency Fund

200
Emma owns stock in a company and receives money without going into work. This is an example of what type income?



Passive Income

200

"I will save for a new laptop."

This statement demonstrates which part of SMART?

Specific

200

Emily earns $600 selling T-shirts. She spends $350 on expenses to make more. The $250 remaining is her what... 

Profit

300

This financial tool helps people decide where their money should go before they spend it.


Budget

300

Money kept in this type of account is usually easiest to access when paying bills or buying groceries.


Checking Account

300

A bakery sells all of its cakes in one day, earning $850 in sales. Before they learn how much profit was made, they have to buy more cake pans, butter, flour, sugar, and other goods. These are examples of what?


Expenses

300

"I will save $500 by December 1st."

Which part of SMART is demonstrated?

Time-bound

300

Brandon receives his first paycheck. Some of his money is taken out before he gets it.

Later, he buys a new hoodie from the mall and pays more than what was on the price tag. 

Name both types of taxes.

Income Tax and Sales Tax

400

Someone who practices this can enjoy what they already have instead of constantly wanting something new.


Contentment 

400

This is money your bank pays you simply for keeping your money there.

Interest

400

This is one way companies reward people who own part of their business.


Dividend

400

Emma wants to save for college. She plans to use birthday money, babysitting jobs, and part of her weekly allowance.

Which part of S.M.A.R.T. is demonstrated?


Achievable 

400

A brand-new car loses thousands of dollars in value during the first few years after it is purchased.

What happened to the car's value?


Depreciation 

500

According to the 50/30/20 Rule, this category often includes things you enjoy but could live without.

WANTS

500

A student puts birthday money into a checking account. Later, they use a debit card to buy a new backpack.

Name both bank transactions, in order.

Deposit and Withdrawal

500

A family buys a house for $300,000. Ten years later, it's worth $425,000. What happened to the home's value?


Appreciation

500

"I will save up $1,000 from my car washing service to buy a new dirt bike so I can go riding with my friends."

Which S.M.A.R.T. letters are missing?




Measurable and Time-bound

500

One financial term describes all the money a business earns.

Another term describes what remains after expenses are paid.

Name both financial terms.

Revenue and Profit

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